If you are in a tight financial situation and can't get a standard loan from a bank on account of your bad credit history, you might find it much easier to get your hands on some much needed cash if you put a valuable of yours as a collateral against the loan.

Need a Cash Loan on Your Car?

If you are in a tight financial situation and can't get a standard loan from a bank on account of your bad credit history, you might find it much easier to get your hands on some much needed cash if you put a valuable of yours as a collateral against the loan. The reason for this is that loan companies take a great deal of risk by accepting loan applications from people they see as high risk (especially unemployed and those with poor or no credit history). This is where a good collateral comes in. The item you put as a collateral will serve as a security measure against the loan you applied for. This can be any sort of valuable or property and it depends on the amount of loan mostly. So, for instance, if you want to get a larger loan, you would have to put your house as a collateral, but for some smaller loans, putting your jewelry should be sufficient.
When we talk about secured loans, we can't fail not to mention logbook loans and V5 lenders providing them. These loans have become very popular, especially in United Kingdom as a form of short-term loan that is very easy and quick to obtain and is available to almost anyone with a car or other vehicle.
In order to be eligible for a logbook loan, you will need to fulfil the following few simple requirements:

Living in England or Wales

18 years of age or older

Being the legal owner of the vehicle

Having a vehicle clean of outstanding finance

If you fulfil all of these requirements, which should be no problem, all you have to do is visit a logbook loan company website and fill in a simple online application form there. This should take no more than a minute of your time to complete and another 5 or so minutes until you get the answer whether you got approved for a loan or not. If you are (and we certainly hope so), you only have to take your vehicle to the logbook loan company offices and provide the following documents:

Vehicle's logbook (this is your registration document)

A valid MOT certificate (you need to obtain a new one every 3 years)

Insurance details on your vehicle (the vehicle needs to be fully insured)

Your ID

Details of your income (where you work and your latest paycheck)

Two latest bills or letters (as proof of your current address, no older than 3 months).

There could be some other requirements. For instance, some loan sites accept only vehicles that are no more than 8 years old, other logbook lenders deal with only loans for cars and not other vehicles... but in general, if you fulfil these few requirements, you should be able to get a logbook loan without any trouble.

So Why Us of All Logbook Lenders?

With the numerous competitors we have in the industry, including Logbook Loan Experts, you are probably wondering why should you go with us as your logbook loan lender? Reasons are actually very simple. White Sand Loans is a lender that respects its customers, so you won't get any nasty surprises with us. There are no hidden charges, ridiculous APR percentage or charging extra for an early loan settlement.
We are also always happy to receive a feedback from you. Whether it's positive or negative (although we don't seem to be getting much of those, for some reason), we're glad to respond to them in the quickest manner.